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Income Taxes
9 Months Ended
Sep. 30, 2019
Income Taxes [Abstract]  
Income Taxes

(13) Income Taxes

The Company recognized income tax expense of $1,450 and $3,467 for U.S. federal, state and foreign income taxes for the three months ended September 30, 2019 and 2018, respectively. The decrease in income tax expense for the three months ended September 30, 2019 compared to the same period for 2018 was primarily related to reduced pre-tax earnings from operations. The effective tax rate decreased to 17.9% in the third quarter of 2019 from 20.7% in the third quarter of 2018 primarily due to the impact of certain tax incentives, which did not impact the third quarter of 2018.

The Company recognized income tax expense of $12,351 and $10,520 for U.S. federal, state and foreign income taxes for the nine months ended September 30, 2019 and 2018, respectively. The increase in income tax expense for the nine months ended September 30, 2019 compared to the same period for 2018 was primarily related to the sale of Non-core Products on April 1, 2019. The effective tax rate decreased to 18.0% in the first nine months of 2019 from 20.1% in the first nine months of 2018 due to the impact of certain tax incentives, which did not impact the first nine months of 2018.

The Company has concluded that it is reasonably possible that its future provision for income taxes may be significantly impacted by changes to valuation allowance in certain countries within the following twelve months.